Collins Foods Ltd (ASX: CKF) is a large fast food franchisee that operates KFC outlets in Australia, Germany and the Netherlands. It receives royalty revenue from Sizzler Asia outlets and Collins Foods has started to build Taco Bells in Australia. A fun fact is that Collins Foods’ ticker of CKF is an anagram of KFC, its main source of earnings.
The Collins Foods Ltd (ASX:CKF) share price has gone up by around 13% after reporting its FY22 result showing profit growth.
The S&P/ASX 200 (ASX: XJO) bucked the trend to gain 0.2% on Friday as Novonix (ASX:NVX) and CSL (AS:CSL) shares were in the news.
The S&P/ASX 200 (ASX:XJO) managed to deliver another positive day as AMP (ASX:AMP) and Westpac (ASX:WBC) shares make headlines.
Inghams Group (ASX: ING) has had a volatile dividend history and is currently paying 4.78% fully franked or 6.82% gross. Analysts are predicting an FY23 forward dividend yield of 5.8%, and earnings per share (EPS) growth of 8.07%. This gives ING an impressive 12.85% Chowder Number, at arguably a reasonable valuation.
The resilient run of the S&P/ASX 200 (ASX: XJO) continued on Thursday as Collins Foods (ASX:CKF) and Sezzle (ASX:SZL) shares made headlines.
The Collins Foods Ltd (ASX:CKF) share price is climbing higher after it announced a franchise agreement for KFC Netherlands.
All three US benchmarks finished higher on Wednesday with both the Dow Jones and S&P 500 up 0.8% as earnings season kicked up another gear.
The S&P/ASX 200 (ASX:XJO) finished the week on a positive note, adding 0.6% behind a rally from the energy and industrial sectors.
Collins Foods Ltd (ASX:CKF) shares are down despite revealing more growth in its FY21 result. It has more plans for growth in FY22.
